PropTech Investment Corporation II
PTICU
NASDAQ Capital Market10.54
USD
+1.26
- -
PropTech Investment Corporation II
PTICU
(NASDAQ Capital Market)
Recent
price
10.54
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- PropTech Investment Corporation II (Nasdaq: PTICU) operates as a blank check company, or special purpose acquisition company, focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the PropTech or real estate industries. The company generates no significant independent revenue and maintains cash reserves from its initial public offering, completed in December 2020 with $230 million raised at $10 per unit, for deployment in a target transaction. Headquartered in Wilson, Wyoming, and founded in 2020, PropTech Investment Corporation II targets opportunities primarily in the United States and global real estate technology sectors, serving institutional and accredited investors seeking exposure to high-growth PropTech firms. In November 2022, the company completed a definitive business combination with RW National Holdings, LLC (d/b/a Appreciate), the parent of Renters Warehouse, a leading end-to-end single family rental marketplace and management platform; the combined entity was renamed Appreciate Holdings, Inc. and began trading on Nasdaq under the tickers SFR and SFRWW on November 30, 2022. This transaction, valued at an estimated post-combination enterprise value of $416 million assuming no redemptions, included up to $159 million in net cash proceeds from the trust and a committed $100 million equity facility from CF Principal Investments LLC, an affiliate of Cantor Fitzgerald, enabling Appreciate's public listing and expansion in the fragmented single family rental market.
PropTech Investment Co. II (OTCMKTS:PTICU) Shares Up 13.6% – Still a Buy?
PropTech Investment Corporation II Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing January 25, 2021